Grain and soy markets slumbered through the overnight session with the October WASDE two days away. There was little movement in wheat and corn prices, and soybeans traded mostly lower in limited volume. Market watchers generally expect the WASDE to show a slight increase in the corn and soybean yields and production. An adjustment to planted acres based on Farm Service Agency data is possible, but it is likely to be small. The day session was just about as quiet with limited noncommercial positioning ahead of the Thursday report. Soybeans drifted lower and closed that way with November down 6.75 cents. Meal and soyoil were a bit weaker as well. Corn traded in a 2-cent range overnight and widened it to about 4 cents during the day session...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.